Ieq Capital LLC Purchases 3,989 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Ieq Capital LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,752 shares of the company’s stock after purchasing an additional 3,989 shares during the period. Ieq Capital LLC’s holdings in Airbnb were worth $13,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new stake in Airbnb in the first quarter valued at approximately $7,628,000. Rafferty Asset Management LLC lifted its holdings in Airbnb by 18.4% during the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after purchasing an additional 22,551 shares during the last quarter. SteelPeak Wealth LLC boosted its position in Airbnb by 17.2% during the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after purchasing an additional 985 shares during the period. ProShare Advisors LLC increased its holdings in shares of Airbnb by 20.6% in the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after purchasing an additional 83,383 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of Airbnb by 35.8% in the fourth quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock valued at $19,503,000 after purchasing an additional 37,785 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on ABNB shares. Bank of America reduced their target price on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wedbush reduced their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group lowered their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird reduced their price target on Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Monday, August 26th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $134.17.

Airbnb Stock Up 5.2 %

ABNB stock opened at $128.75 on Friday. The firm has a 50-day moving average price of $126.26 and a 200-day moving average price of $145.03. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $82.92 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 5,442 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $150.00, for a total transaction of $816,300.00. Following the sale, the director now owns 42,087 shares in the company, valued at approximately $6,313,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the transaction, the chief financial officer now owns 537,072 shares in the company, valued at approximately $64,448,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 5,442 shares of Airbnb stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $150.00, for a total transaction of $816,300.00. Following the sale, the director now owns 42,087 shares in the company, valued at $6,313,050. The disclosure for this sale can be found here. In the last ninety days, insiders sold 685,451 shares of company stock worth $95,552,289. Insiders own 27.83% of the company’s stock.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.